Sign up for The Media Today, CJRās daily newsletter.
Bloomberg does some basic legwork on the Bernard Madoff scandal and gets some great color out of it. One of the red flags some investors saw early was that this fund, which apparently had more than $50 billion in investments, was audited out of a 200-square-foot office in the suburbs of New York.
A woman who works in a nearby office, who didnāt want to be identified, said Friehling doesnāt come to the office regularly. When he does, he is the only person there.
Another woman in a nearby office, Leslie Cousar, said the man who comes to the auditorās office does so for 10-to-15 minute periods, and wears tight pants and tie-dyed shirts. Cousar said she never saw anyone else going to the office during the day, but at about 5:30 p.m., another man would show up and use the location.
āHeās in and out of there,ā Cousar said.
I’m sure he was.
Has America ever needed a media defender more than now? Help us by joining CJR today.